DHK Financial Advisors Inc. Trims Stock Position in PAR Technology Co. (NYSE:PAR)

DHK Financial Advisors Inc. reduced its stake in shares of PAR Technology Co. (NYSE:PAR) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,362 shares of the software maker’s stock after selling 3,000 shares during the period. PAR Technology accounts for about 1.1% of DHK Financial Advisors Inc.’s investment portfolio, making the stock its 16th largest position. DHK Financial Advisors Inc. owned 0.06% of PAR Technology worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. Amalgamated Bank increased its holdings in shares of PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after buying an additional 237 shares during the last quarter. nVerses Capital LLC purchased a new stake in PAR Technology during the third quarter valued at about $125,000. KBC Group NV increased its stake in PAR Technology by 30.4% during the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after acquiring an additional 400 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of PAR Technology by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after purchasing an additional 219 shares during the period. Finally, RiverPark Advisors LLC lifted its stake in shares of PAR Technology by 21.3% in the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock valued at $257,000 after purchasing an additional 865 shares in the last quarter.

PAR Technology Stock Up 1.5 %

NYSE PAR opened at $72.37 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 12 month low of $37.74 and a 12 month high of $82.24. The company’s fifty day moving average price is $74.83 and its two-hundred day moving average price is $62.88.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. During the same quarter last year, the company posted ($0.35) earnings per share. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. Equities analysts anticipate that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Benchmark increased their price target on PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Craig Hallum boosted their price objective on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Lake Street Capital increased their target price on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Stephens boosted their price target on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

About PAR Technology

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.